Provisional grade — derived from this report's measured data points; the county detector suite has not measured this geography yet. The measured ARED Score replaces it on the suite's next run.
ZIP 23505 — Norfolk
The 23505 housing market is currently balanced, with a median list price of $330,000 and a stable inventory of single-family homes. The area remains a consistent performer for families seeking suburban-style living within Norfolk's city limits.
This ZIP is ideal for family buyers and commuters seeking a suburban feel and mature housing stock within the city limits of Norfolk.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 72 days on market with 0.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.8% · poverty 14.3% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 23505, Norfolk city, Virginia
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area is characterized by established residential neighborhoods with generally well-regarded schools that attract family buyers.
The area benefits from its proximity to major Norfolk employment hubs and urban infrastructure while maintaining a suburban residential character.
Property taxes in Norfolk are assessed at a rate of approximately $1.23 per $100 of assessed value.
Residents enjoy convenient access to downtown Norfolk and the Ghent district via major local thoroughfares.
The ZIP features mature residential streets with access to local parks, shopping, and dining within a short drive.
The rental market shows solid demand with a median rent of $1,575, supported by the area's popularity with families and commuters.
The local economy is anchored by Norfolk's diverse maritime, military, and urban service sectors.
The area is served by a network of city streets providing connectivity to regional highway corridors and employment centers.
Development is primarily focused on infill and residential maintenance within established neighborhoods.
Parcels are subject to standard Norfolk city municipal and school district assessments.
Data not available in current ACS 5-year estimates.
Established residential area with mature trees and solid single-family homes.
Residential community known for its suburban feel within the city.
Established residential area popular with families.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Forecasts are for speculation only and should not be used as a deciding factor in any transaction. Projections trend strictly from calculable historical values — the platform cannot predict market movements, market sentiment, or the market itself.
Awaiting measured history — this chart renders once enough refresh-cycle reads accumulate (a one-point series is not a trend).
Awaiting measured history — this chart renders once enough refresh-cycle reads accumulate (a one-point series is not a trend).
Awaiting measured history — this chart renders once enough refresh-cycle reads accumulate (a one-point series is not a trend).
Awaiting measured history — this chart renders once enough refresh-cycle reads accumulate (a one-point series is not a trend).
Awaiting measured history — this chart renders once enough refresh-cycle reads accumulate (a one-point series is not a trend).
Awaiting measured history — this chart renders once enough refresh-cycle reads accumulate (a one-point series is not a trend).
Awaiting measured history — this chart renders once enough refresh-cycle reads accumulate (a one-point series is not a trend).
Awaiting measured history — this chart renders once enough refresh-cycle reads accumulate (a one-point series is not a trend).
Standard trend model — solid = measured history · dashed = projection anchored at each line's last measured point, following that series' trailing pace (CAGR capped ±12%/yr) or trailing mean · projections are estimates, not measured reads · every charted series runs the standard 5-year historical window with a 1-year forecast, trimmed from the full retained ledger — the forecast always extends into the future year (a lagging ledger bridges to it) and stops there on purpose: authoritative, not wizardry · every price line is county-assessed value from the district CAD — the tier's same-parcel assessment roll-up on the momentum tile, the assessed trajectory in raw dollar levels and as a YoY-chained index (base 100), and the month-over-month pace from nearby comparable sales pooled from the research track; a tier without comps yet keeps its pace story with the assessed trend. Inventory, liquidity, price-cut and foreclosure lines run on the platform's own measured series.
Unlocked in the Investor tier
Aggregate foreclosure counts for this geography — recorded notices, upcoming sales and distress weight against population. The filing-level ledger opens at Investor.
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